Review article

Shipowner management in accordance with mutual agreement

Srđan Žuškin orcid.org/0000-0001-8389-828X ; University of Rijeka, Faculty of Maritime Studies Rijeka, Rijeka, Croatia
Neven Grubišić ; University of Rijeka, Faculty of Maritime Studies Rijeka, Rijeka, Croatia
Matthew Sumner ; Harvard University, Cambridge, Massachusetts, USA

Abstract

This scientific paper deals with management of all parties of maritime transport services with an emphasis on shipowner management for purposes of optimizing ship voyage costs by applying Virtual Arrival of the vessel to the port. Virtual Arrival is a process involving an agreement to reduce a vessel’s speed during voyage due to berth occupancy at ship accommodation at the discharge port. The reduction in speed during voyage will result in reduced fuel consumption, which directly affects shipowner management, namely voyage costs. The proposed algorithm of Virtual Arrival defines interdependence of the parties of the maritime transport process as well as the actions undertaken in the following procedure of the arrival. The algorithm results show the possibility of creating a mutual financial benefit and display profitability of shipowner management and other parties of the Mutual Agreement. Furthermore, the paper analyzes Mutual Effects of the Virtual Arrival to all other represented parties of the maritime transport process.

Keywords

Virtual Arrival; Mutual agreement; Shipowner management

Hrčak ID:

140264

URI

https://hrcak.srce.hr/140264

Publication date:

30.6.2015.

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